Google Inc. (GOOG) Is Pulling Back Following Q1 Report

4/13/2012 9:35 AM ET

Google Inc. (GOOG: Quote) reported first quarter non-GAAP EPS of $10.08 after the bell Thursday, up from $8.08 in the previous year. The consensus estimate was for EPS of $9.65. The company also announced plans to create a new class of non-voting capital stock, which will be distributed through a stock dividend to all existing shareholders.

Google gapped open lower Friday and has spiked to the downside in early trade. The stock is now down 11.84 at $639.17 on above average volume.